The exchange rate is:

Select one:

a. a tax imposed on members of a stock exchange.

b. a price for raw materials that are imported.

c. the value of our currency in terms of another currency

d. a term used in shipping to describe how fast a ship can get into and out of port.

Question

Beckham Decker

Business

21 December, 16:20

The exchange rate is:

Select one:

a. a tax imposed on members of a stock exchange.

b. a price for raw materials that are imported.

c. the value of our currency in terms of another currency

d. a term used in shipping to describe how fast a ship can get into and out of port.

+1

Answers (1)

Know the Answer?

Blake Griffith · Answer 1

the correct answer is c. the value of our currency in terms of another currency

Explanation:

an exchange rate is the value of a one currency in terms of another nations currency. eg: a US 1 dollar equals Euro 1.2!

The currency rates are primarily decided by the supply and demand for a currency and these rates are useful in many instances such as international trade and investing.

The exchange rate is:Select one:a. a tax imposed on members of a stock exchange.b. a price for raw materials that are imported.c. the value of our currency in terms of another currencyd. a term used in shipping to describe how fast a ship can get into and out of port.

The exchange rate is:

Select one:

a. a tax imposed on members of a stock exchange.

b. a price for raw materials that are imported.

c. the value of our currency in terms of another currency

d. a term used in shipping to describe how fast a ship can get into and out of port.